Middle East & Africa Laboratory Supplies Market Size & Outlook
Middle East Africa Laboratory Supplies Market, 2018-2030 (US$M)
Global Market
Related Markets
MEA laboratory supplies market highlights
- The MEA laboratory supplies market generated a revenue of USD 1,383.3 million in 2023.
- The market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
- In terms of segment, equipment was the largest revenue generating product in 2023.
- Disposables is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,383.3 million |
| Market revenue in 2030 | USD 1,867.5 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Equipment |
| Fastest growing segment | Disposables |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Equipment, Disposables |
| Key market players worldwide | Agilent Technologies Inc, Bio-Rad Laboratories Inc, Bruker Corp, Danaher Corp, FUJIFILM Holdings Corp, PerkinElmer, Sartorius AG, Shimadzu Corp, Thermo Fisher Scientific Inc, Waters Corp |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.3% of the global laboratory supplies market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 27,375.6 million by 2030.
Middle Eastern countries such as the UAE and Saudi Arabia have a highly developed healthcare infrastructure, significant R&D expenditure, and very high accessibility of healthcare services. These countries have also eased the flow of private funding for setting a strong research base.
Many key pharma players consider MEA countries as high-opportunity markets and plan to setup R&D facilities, thereby driving the market. In addition, many regional players are adapting to global standards and collaborating with other CROs to strengthen their presence in the market.
For instance, Hassan Labs of Egypt and Saham Group of North Africa collaborated to provide an international level of medical expertise across Africa. To reach out to more clients and expand its presence in developed economies, MCT participated in the Partnership in Clinical Trial in April 2014.
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Laboratory Supplies Market Scope
Laboratory Supplies Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Shimadzu Corp | View profile | 15,284 | 1, Nishinokyo-Kuwabara-cho, Nakagyo-ku, Kyoto, Japan, 604-8511 | www.shimadzu.com |
| FUJIFILM Holdings Corp | View profile | 83,784 | 7-3, Akasaka 9-chome, Minato-ku, Tokyo, Japan, 107-0052 | www.fujifilmholdings.com |
| Thermo Fisher Scientific Inc | View profile | 122,000 | 168 Third Avenue, Waltham, MA, United States, 02451 | www.thermofisher.com |
| Danaher Corp | View profile | 63,000 | 2200 Pennsylvania Avenue, N.W., Suite 800W, Washington, DC, United States, 20037-1701 | www.danaher.com |
| Sartorius AG | View profile | 14,338 | Otto-Brenner-Strasse 20, Gottingen, NI, Germany, 37079 | www.sartorius.com |
| Agilent Technologies Inc | View profile | 17,700 | 5301 Stevens Creek Boulevard, Santa Clara, CA, United States, 95051 | www.agilent.com |
| Bio-Rad Laboratories Inc | View profile | 8,030 | 1000 Alfred Nobel Drive, Hercules, CA, United States, 94547 | www.bio-rad.com |
| Bruker Corp | View profile | 9,707 | 40 Manning Road, Billerica, MA, United States, 01821 | www.bruker.com |
| Waters Corp | View profile | 7,900 | 34 Maple Street, Milford, MA, United States, 01757 | www.waters.com |
| PerkinElmer | View profile | 10001+ | Waltham, Massachusetts, United States, North America | www.perkinelmer.com |
Middle East & Africa Laboratory Supplies Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Laboratory Supplies Market Outlook will help companies and investors design strategic landscapes.
Equipment was the largest segment with a revenue share of 62.69% in 2023.
Horizon Databook has segmented the Middle East & Africa laboratory supplies market based on equipment, disposables covering the revenue growth of each sub-segment from 2018 to 2030.
Middle Eastern countries such as the UAE and Saudi Arabia have a highly developed healthcare infrastructure, significant R&D expenditure, and very high accessibility of healthcare services. These countries have also eased the flow of private funding for setting a strong research base.
Many key pharma players consider MEA countries as high-opportunity markets and plan to setup R&D facilities, thereby driving the market. In addition, many regional players are adapting to global standards and collaborating with other CROs to strengthen their presence in the market.
For instance, Hassan Labs of Egypt and Saham Group of North Africa collaborated to provide an international level of medical expertise across Africa. To reach out to more clients and expand its presence in developed economies, MCT participated in the Partnership in Clinical Trial in April 2014.
- Middle East & Africa Laboratory Supplies Market Product Outlook (Revenue, USD Million , 2018-2030)
- Equipment
- Disposables
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa Laboratory Supplies Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa Laboratory Supplies Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Middle East Africa Laboratory Supplies Market, 2018-2030 (US$M)
MEA laboratory supplies market statistics, by product, 2018-2030 (US$M)
